Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mr R Cathrae 27/02/2008 Mr T Cathrae 05/04/2018 21 February 2024 The principal activity of the Company during the financial year was that of the hire and erection of scaffolding equipment. 06515535 2023-03-31 06515535 bus:Director1 2023-03-31 06515535 bus:Director2 2023-03-31 06515535 2022-03-31 06515535 core:CurrentFinancialInstruments 2023-03-31 06515535 core:CurrentFinancialInstruments 2022-03-31 06515535 core:Non-currentFinancialInstruments 2023-03-31 06515535 core:Non-currentFinancialInstruments 2022-03-31 06515535 core:ShareCapital 2023-03-31 06515535 core:ShareCapital 2022-03-31 06515535 core:RetainedEarningsAccumulatedLosses 2023-03-31 06515535 core:RetainedEarningsAccumulatedLosses 2022-03-31 06515535 core:OtherResidualIntangibleAssets 2022-03-31 06515535 core:OtherResidualIntangibleAssets 2023-03-31 06515535 core:LandBuildings 2022-03-31 06515535 core:PlantMachinery 2022-03-31 06515535 core:Vehicles 2022-03-31 06515535 core:FurnitureFittings 2022-03-31 06515535 core:LandBuildings 2023-03-31 06515535 core:PlantMachinery 2023-03-31 06515535 core:Vehicles 2023-03-31 06515535 core:FurnitureFittings 2023-03-31 06515535 bus:OrdinaryShareClass1 2023-03-31 06515535 2022-04-01 2023-03-31 06515535 bus:FullAccounts 2022-04-01 2023-03-31 06515535 bus:SmallEntities 2022-04-01 2023-03-31 06515535 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 06515535 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06515535 bus:Director1 2022-04-01 2023-03-31 06515535 bus:Director2 2022-04-01 2023-03-31 06515535 core:OtherResidualIntangibleAssets 2022-04-01 2023-03-31 06515535 core:LandBuildings core:TopRangeValue 2022-04-01 2023-03-31 06515535 core:PlantMachinery 2022-04-01 2023-03-31 06515535 core:Vehicles 2022-04-01 2023-03-31 06515535 core:FurnitureFittings 2022-04-01 2023-03-31 06515535 2021-04-01 2022-03-31 06515535 core:LandBuildings 2022-04-01 2023-03-31 06515535 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 06515535 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 06515535 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06515535 (England and Wales)

T J R SCAFFOLDING LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

T J R SCAFFOLDING LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

T J R SCAFFOLDING LIMITED

BALANCE SHEET

As at 31 March 2023
T J R SCAFFOLDING LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Intangible assets 3 85,423 85,423
Tangible assets 4 1,785,697 2,117,035
1,871,120 2,202,458
Current assets
Stocks 400,000 243,000
Debtors 5 442,698 711,673
Cash at bank and in hand 71,602 20,248
914,300 974,921
Creditors: amounts falling due within one year 6 ( 695,240) ( 622,420)
Net current assets 219,060 352,501
Total assets less current liabilities 2,090,180 2,554,959
Creditors: amounts falling due after more than one year 7 ( 226,619) ( 394,530)
Provision for liabilities ( 310,551) ( 451,342)
Net assets 1,553,010 1,709,087
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 1,552,910 1,708,987
Total shareholders' funds 1,553,010 1,709,087

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of T J R Scaffolding Limited (registered number: 06515535) were approved and authorised for issue by the Board of Directors on 21 February 2024. They were signed on its behalf by:

Mr R Cathrae
Director
T J R SCAFFOLDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
T J R SCAFFOLDING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

T J R Scaffolding Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lowin House, Tregolls Road, Truro, TR1 2NA, England, United Kingdom.

The companies trading address is Unit 1, St Georges Manor, St Georges Road, Nanpean, ST AUSTELL, Cornwall, PL26 7YN.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets not amortised
Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Other intangible assets is App software development, and will begin to be amortised once the development is complete.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings 10 years straight line
Plant and machinery 15 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 35 27

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 April 2022 85,423 85,423
At 31 March 2023 85,423 85,423
Accumulated amortisation
At 01 April 2022 0 0
At 31 March 2023 0 0
Net book value
At 31 March 2023 85,423 85,423
At 31 March 2022 85,423 85,423

4. Tangible assets

Land and buildings Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £ £
Cost
At 01 April 2022 52,374 3,048,053 400,080 74,163 3,574,670
Additions 0 10,158 12,184 0 22,342
Disposals 0 0 ( 28,250) 0 ( 28,250)
At 31 March 2023 52,374 3,058,211 384,014 74,163 3,568,762
Accumulated depreciation
At 01 April 2022 26,190 1,181,950 199,880 49,615 1,457,635
Charge for the financial year 5,238 279,936 50,140 6,533 341,847
Disposals 0 0 ( 16,417) 0 ( 16,417)
At 31 March 2023 31,428 1,461,886 233,603 56,148 1,783,065
Net book value
At 31 March 2023 20,946 1,596,325 150,411 18,015 1,785,697
At 31 March 2022 26,184 1,866,103 200,200 24,548 2,117,035

5. Debtors

2023 2022
£ £
Trade debtors 213,728 478,490
Corporation tax 0 28,062
Other debtors 228,970 205,121
442,698 711,673

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans and overdrafts 46,773 84,098
Trade creditors 278,849 329,388
Taxation and social security 113,477 61,998
Obligations under finance leases and hire purchase contracts 45,924 70,616
Other creditors 210,217 76,320
695,240 622,420

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 142,003 188,776
Obligations under finance leases and hire purchase contracts 49,616 100,754
Other creditors 35,000 105,000
226,619 394,530

Liabilities are secured by way of a fixed and floating charge over the assets to which they relate.

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

9. Financial commitments

Commitments

Capital commitments are as follows:

2023 2022
£ £
Contracted for but not provided for:
Finance leases entered into 34,606 55,223

10. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Balance bought forward 0 0
Advances 34,662 0
Repayments (800) 0
Balance carried forward 33,862 0

Interest is chargeable on the above balance at a rate of 2%.

Other related party transactions

2023 2022
£ £
Amounts owed by connected companies 175,108 205,121
Amounts owed to connected companies (135,818) 0

The directors of TJR Scaffolding Limited, Mr R Cathrae and Mr T Cathrae own 100% of shareholding in TJR Developments Limited and Cornwall Scaffolding Limited. For the year ended 31 March 2023 TJR Scaffolding was owed a net amount of £39,290 (2022 - £205,121) from these connected companies.